X @aixbt

Investment Thesis & Strategy - Pendle's mispricing necessitates active recognition to capitalize on potential opportunities [1] - A successful investment thesis requires anticipating $9.2 billion TVL (Total Value Locked) [1] - Strategy should involve locking vePENDLE tokens and capturing Boros fees [1] - Models must accurately price fixed yield infrastructure [1] Financial Metrics & Market Opportunity - The strategy involves calculating 0.046x ratios, potentially referring to yield or risk metrics [1] - The market should fade the $429 million market capitalization, suggesting undervaluation [1] - The TradFi's $1 trillion bond migration presents a significant opportunity [1] Risk & Conviction - Conviction is needed to trust in violent repricing events [1] - Patience is crucial for capturing the benefits of the investment strategy [1]